We had mentioned earlier today that if Mike Ashley can get Rafa Benitez signed to a long-term contract that will make Newcastle United FC even more of a good buy for any wealthy, ambitious potential buyer(s) of the club.
There is no problem between Rafa and the fans or Rafa and other staff members of Newcastle United – only with owner Mike Ashley.
Mike has put Newcastle up for sale with the current asking price being around £380M.
Rafa seemed to have been let down by Mike Ashley in the summer, and over 10 years as Newcastle owner his word cannot be trusted, and he’s made too many huge mistakes as the owner of the football club.
He is not liked by the majority of our fans.
Rafa Benitez – Newcastle manager
The price of £380M is not too high given it was around £280M when the PL clubs got anywhere from £60M to £100M each season depending on how they performed in the league.
The new deal has that money increased to between £100M and £160M and will likely go higher with the next Premier League rights deal.
Newcastle revenues could shoot up this financial year to around £180M, and we should be profitable too.
So we don’t think £380M (about double Newcastle’s revenues) is too high a price to pay for Newcastle.
If Mike sold to a rich and ambitious new owner, then Rafa would have it all.
He would be the manager of an iconic club who have the best fans in the land and will be backed by big money.
And Newcastle have gone far too many years without winning a trophy.
If Rafa wins a trophy for us – that accomplishment will almost guarantee a statue for him at St. James’ Park.
So if Rafa can put up with Mike for a year or two (or less than that), and he builds the basis of his team, things could get a lot better quickly both for Rafa Benitez and for Newcastle United.
Yes, the downside of this is that Ashley could stay in place as he has for 10 years with zero accomplishments at the club.